TEN Ltd. Reports Record Profits for Fourth Quarter and Year-End 2022 and Declares Annual Dividend of $0.60 Per Common Share
Tsakos Energy Navigation Ltd Common Shares (TNP)
Last tsakos energy navigation ltd common shares earnings: 3/24 08:00 am
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US:NYSE Investor Relations:
tenn.gr
Company Research
Source: GlobeNewswire
Year revenues at $860 million and record profits of $204.2 million (EPS at $6.02 for 2022) 240% increase in annual EBITDA 140% increase in common stock dividend Dynamic fleet renewal - Boosts sale & purchase activity Strong market fundamentals remain - Over $1.2 billion in minimum contracted revenue ATHENS, Greece, March 16, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) reports results (unaudited) for the fourth quarter and the year ended December 31, 2022. FINANCIAL RESULTS FOR THE YEAR 2022Positive market fundamentals and the ongoing geopolitical events have maintained a strong market throughout 2022 and have resulted in TEN’s fleet generating $860 million of voyage revenues or $314 million higher than in 2021. With total expenses at just 4% higher from the 2021 level, the resulting operating income for 2022 was $256 million or $290 million better than the prior year level. In line with the above trend, net income climbed to $204.2 million or $6.02
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News
- Tsakos Energy Navigation Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- TEN Ltd. Announces the Sale of A 2007-Built Aframax Tanker [Yahoo! Finance]Yahoo! Finance
- TEN Ltd. Announces the Sale of A 2007-Built Aframax TankerGlobeNewswire
- Tsakos Energy Navigation Limited (NYSE: TNP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares [Yahoo! Finance]Yahoo! Finance
TNP
Earnings
- 3/27/24 - Miss
TNP
Sec Filings
- 4/19/24 - Form 20-F
- TNP's page on the SEC website